Matternet

Drone delivery solutions for healthcare and logistics

Mountain View, California, United States

About Matternet

Matternet specializes in drone delivery solutions, providing an integrated platform that includes the Matternet M2 Drone, Matternet Station, and Matternet Cloud Platform. This system is designed to improve the delivery process, especially in healthcare, e-commerce, and logistics. The company primarily serves healthcare clients, ensuring timely delivery of medical supplies like vaccines and critical samples. Matternet also supports e-commerce and logistics businesses by enhancing their delivery capabilities with drone technology. Unlike competitors, Matternet operates on a platform as a service (PaaS) model, allowing clients to subscribe to their technology without needing to invest in their own infrastructure. The goal of Matternet is to optimize delivery services globally, having already established operations in the U.S., Europe, and Asia, including the first city-wide drone network in Abu Dhabi.

Mountain View, CaliforniaHeadquarters
2011Year Founded
$92.9MTotal Funding
LATE_VCCompany Stage
Automotive & Transportation, Enterprise Software, HealthcareIndustries
11-50Employees

Risks

Public acceptance issues could hinder growth in urban areas due to privacy concerns.
Complex regulatory environments pose challenges for international expansion and operations.
Increased competition in the growing drone logistics market may impact market share.

Differentiation

Matternet was the first to achieve FAA Type Certification for drone delivery in 2022.
The company offers a comprehensive end-to-end platform for drone delivery solutions.
Matternet has established the first city-wide drone network in Abu Dhabi.

Upsides

Partnership with ANRA Technologies enhances UTM services for urban drone networks.
Matternet's BVLOS operations are authorized in Berlin, expanding their European presence.
The global drone logistics market is projected to grow significantly by 2030.

Funding

Total raised$92.90 M
Latest valuation$225.00 M
StageLATE_VC